Abstract
The shipping industry entered 2009 in a state of crisis. All shipping sectors
had been hit hard, with the dry
bulk sector struggling to recover from a
plunge in November 2008 that took the Baltic Dry Index to a
nine-year low.
Rumours persisted that containers were being shipped for a little as US$200
and that the
only thing keeping the liquid bulk sector afloat was that
tankers were being used for floating storage
rather than the actual
transport of oil. It is in the climate of uncertainty that BMI has launched a
new set
of reports to its portfolio the BMI Shipping Reports.
BMI' s
research and analysis of the shipping sector shows that a downturn that took
hold in Q408 is
persisting and looks set to get deeper in 2009. This can
be seen in our forecasts for the Isael shipping
sector, where we have used
measurements of throughput at the country' s main port of Haifa as an
indicator of how much demand there is for shipping. In 2008, the port of Haifa
handled an estimated total
of 22.5mn tonnes. The ports container
throughput reached an estimated 1.25mnTEU in the same year. We
predict a
decline in throughput at the port in 2009 with total cargo volumes expected to
fall by 5.3%.
Container volumes at the port are also expected to decline,
with a 8.3% reduction in 2009 to reach just
1.146mnTEUs.
BMI' s Israel
Shipping Report offers data from previous years of its port throughput, which
has been used
along with our forecasts of the country' s imports and
exports to predict throughput trends for the next five
years (2009-2012)
as well as detailed analysis to explain our assumptions behind these
forecasts.
The BMI Israel Shipping Report offers in-depth analysis into
the three main shipping sectors of
container, bulk dry and bulk liquid and
detailing the strategy that major shipping companies in these
sectors have
so far implemented to protect themselves against the downturn. We also offer
analysis of
other tactics that we feel operators in these sectors could
use over 2009 as trade continues to contract.
The report offers an
overview of country' s main ports of Haifa and Ashdod with analysis of the
ports'
facilities, expansions and developments that are already under way
at the ports or planned to increase the
ports working capabilities as well
as details of multi-modal links from the ports to the rest of the
country' s
transport network.
Finally the Israel Shipping Report offers
an in-depth overview of 11 of the main global shipping
companies (China
Shipping, CMA CGM, COSCO, Evergreen, Hanjin, Hapag Lloyd, Maersk, MOL,
MSC, NOL, NYK.) BMI analyses the firms' vital financial statistics, the
companies' different operating
sectors and their most recent activity.
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